Foreign exchange reserves excluding gold reached 389 USD bil in 2017 in India, according to the National Statistical Office. This is 14.1 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in India reached an all time high of 389 USD bil in 2017 and an all time low of 0.251 USD bil in 1964. When compared to India's main peers, foreign exchange reserves excluding gold in Bangladesh amounted to 32.8 USD bil, 3,159 USD bil in China, 15.8 USD bil in Pakistan and 7.03 USD bil in Sri Lanka in 2017.
India has been ranked 5th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 1 places above the position seen 10 years ago.
FX reserves in a strict sense are "only" the foreign currency deposits and bonds held by central banks and monetary authorities.